SBA Loans
The Power of SBA Loans
SBA (Small Business Administration) loans empower Bank of Texas to provide more creative and flexible loan options, such as lower down payments, longer repayment terms, less reliance on collateral and even long term fixed rates.
SBA Loan Options
SBA 7(a)
Ideal for:
- Buying a business
- Partner buy-out
- Debt refinance
- Purchasing commercial real estate
- Purchasing equipment
- Line of credit
Terms:
- Up to 10-years for non-real estate
- Up to 25-years for commercial real estate
SBA 504
Ideal for:
- Purchasing commercial real estate
- Renovations on commercial real estate
- Completing ground up construction of commercial real estate
- Refinancing commercial real estate
- Purchasing heavy equipment
Loan Amount:
- Total project size is uncapped
Terms:
- Up to 20 or 25 years for commercial real estate
- Up to 10 years for heavy equipment
Why SBA?
Despite what you may have heard, the SBA loan process has improved significantly over the years, and looks very similar to a non-SBA loan process. Plus there were more than 58 thousand businesses who accessed an SBA loan in 2019, totaling over $30 billion in SBA projects; further proof of the efficacy of the SBA loan programs.
Why Bank of Texas?
Bank of Texas is a Preferred SBA Lender, which means we handle the loan in-house from cradle to grave with no interaction with the SBA, thereby providing a smooth process for both you and your banker.
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Recent SBA Business
-
Landscaping Company
$1 Million
Debt Refinance
-
Professional School
$11 Million
Ground Up Construction
-
Insurance Company
$1.25 Million
Partner Buy-Out
-
Robotics Company
$350,000
Line of Credit
-
Roofing Company
$2 Million
Purchase / Renovate Real Estate